Description
C# indicator for the cAlgo trading platform. It seems to implement a simple strategy based on the crossover of two moving averages (MA): a fast one and a slow one.
Here's a breakdown of what the code does:
FastAndSlowMovingAverage Class: This is the main class representing the indicator. It inherits from the Indicator class provided by the cAlgo API.
Parameters: It defines two parameters: FastMAPeriod and SlowMAPeriod, representing the periods for the fast and slow moving averages, respectively.
Outputs: It defines four output series:
- FastMA: Series for plotting the values of the fast moving average.
- SlowMA: Series for plotting the values of the slow moving average.
- BuySignal: Series for indicating buy signals.
- SellSignal: Series for indicating sell signals.
Moving Average Objects: It initializes two MovingAverage objects, one for the fast moving average and one for the slow moving average.
Initialize() Method: It initializes the moving average objects using the close prices of bars and the parameters provided (fast and slow periods).
Calculate() Method: This method is called for each bar in the chart. It calculates the values of the fast and slow moving averages at the current index and determines buy and sell signals based on the crossover of these averages.
Buy and Sell Signals: It generates buy signals when the fast moving average crosses above the slow moving average, and sell signals when the fast moving average crosses below the slow moving average. The signals are plotted on the chart at specific price levels (10 pips away from the high or low price of the bar).
This indicator can be attached to a chart in the cAlgo platform to visualize the moving averages and the buy/sell signals based on their crossovers. Traders can use this information to make trading decisions, typically entering long positions when there's a buy signal and short positions when there's a sell signal.
shapor33
Joined on 08.04.2024 Blocked
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: FastAndSlowMovingAverage.algo
- Rating: 5
- Installs: 306
- Modified: 11/05/2024 11:29